'Property sector won't recover until 2011-2012'

Prospects for the Dutch real estate sector will not pick up until 2011 or 2012, according to Nout Wellink, president of the Dutch Central Bank, in an exclusive interview with PropertyEU's sister publication PropertyNL. Next year won't be much better than 2009, Wellink said, adding that vacancies will continue to rise while prices will be pressured further. 'We cannot avoid the major underlying currents of this crisis and its international dimension.'

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